Wow, looks like ultra-leftist senators are finally waking up to the fact that a struggling economy and skyrocketing inflation might, just might, alienate their so-called “base.”
After all, it does take the socialist champagne crowd some time before they realize the deleterious impact of their terrible policies, starting with their terrible recommendation for president.
The first senator on deck is Senator Bernie Sanders, otherwise known as the communist who galvanized the college kids against capitalism, as well as America generally.
For a man who never worked a professional job until he was forty years old, Senator Bernie Sanders sure does have an awful lot of commentary on the economy.
And, in all his so-called wisdom, Sanders apparently thinks he knows more about the economy than the Federal Reserve.
“I think they’re hurting the situation. It is wrong to be saying that the way we’re going to deal with inflation is by lowering wages and increasing unemployment … At a time when working families are struggling and the people on top are doing phenomenally well, I don’t think you go after working people,” Sanders declared.
Apparently, it has never occurred to Sanders that a prolonged economic shutdown might, just might, bring about insane inflation upon loosening restrictions – had the economy been “shut down” for a more reasonable period of time, as Trump clearly wanted, then perhaps the economy would not be nearly as chaotic as it is now.
“Inflation is a global issue,” Sanders brayed.
Well, no kidding, Sanders. Thanks to the lockdowns Dems openly promoted!
In a similar fashion, Warren has also set her sights on Federal Reserve Chairman Jerome Powell, who she apparently prefers to blame for economic catastrophe over the rather inept Biden administration.
And, in an apparent effort to outdo Sanders, Warren really laid on the melodrama
“When the Fed uses language like we’re trying to cool the economy or slow down the economy, the translation behind that is, ‘we’re trying to increase unemployment’,” Warren ranted, “I think [Powell is] doing a terrible job.”
“We’ve got the Fed right at the center of the two biggest economic problems in this country,” Warren raged.
Isn’t that funny.
Not to mention ironic, as the Biden family is also at the center of two of the biggest threats to global security, thanks to the “Big Guy” and varied shenanigans with Ukraine, Russia, and China.
As far as the Federal Reserve is concerned, Emperor Obama is the one who began printing money with abandon and bailing out big bank after big bank, which landed him enormously lucrative speaking gigs immediately after leaving the presidency.
Hey, those summer properties in Martha’s Vineyard and vacation homes in Hawaii aren’t going to fund themselves, and Obama clearly has zero qualms about fully exploiting his position.
Talk about open corruption. Seems Biden is following right along the same path in the foreign sphere.
But, by all means, Ms. Warren, continue to blame Powell for the current state of economic duress in which the nation currently finds itself.
“The first is that [Powell] has raised interest rates at an extreme level unlike anything we’ve ever seen in modern times, and it has certainly created problems throughout the banking system,” Warren raged.
Of course, Warren leaves out the fact that the Obama administration began to print money “at an extreme level unlike anything” ever seen before, which originated many of the economic extremes witness in the economy today.
“And then secondly, we have a banking system that we’ve lost multiple banks now. And why? Because the Fed under Chair Powell has failed to supervise and regulate those banks as they are required to do,” Warren whined.
Actually, Warren, Florida Governor Ron DeSantis spelled out precisely what happened at Silicon Valley Bank a tad more honestly.
“[Silicon Valley Bank] is so concerned with (diversity, equity and inclusion) and politics and all kinds of stuff. I think that really diverted from them focusing on their core mission,” DeSantis observed coolly.
Nail on the head.
Author: Ofelia Thornton